Opened the debate
The UK and Israel are natural trade partners due to shared democratic values and technological prowess. With the estimated value of UK-Israel trade at £5 billion, there is potential for further growth across industries such as pharmaceuticals, fintech, and cyber-security. Bob Blackman highlights that Israeli businesses have a strong presence in the UK market, with 500 companies operating here and employing thousands of people. He also notes Israel's success despite geographical and geopolitical challenges, citing its R&D expenditure of 4.9% of GDP compared to the UK's.